Global portable solar charger market demand to expand at a CAGR of 13.2%

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Global portable solar charger market demand to expand at a CAGR of 13.2%

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Rising Adoption of Energy Efficient and Advanced Electronics is Expected to Propel the Demand for Portable Solar Chargers, according to our research report Global Portable Solar Charger Market Outlook 2023.

Global portable solar charger market is segmented into end-user type. Among this segment, individual consumers segment is expected to showcase a significant growth in near future on account of growing need for reliable chargers for electronic devices to reduce the dependency of power supply. The global portable solar charger market is expected to register a CAGR of 13.2% over the forecast period i.e.2016-2023. The market of portable solar charger is expected to have a positive outlook during the forecast period on account of rising popularity of solar chargers among the population.

North-America is expected to showcase a tremendous growth in the market of portable solar chargers across the globe in near future. The market is driven by shifting of consumers towards solar powered products on account of rising prices of electricity in the region. U.S. is expected to dominate the market of portable solar charger in North-America region on the back of increasing adoption of solar powered products.

Technological Improvements:

Technological advancements in solar powered products offer the advantages such as light weight and durability of portable solar chargers. Continuous research and development are pushing manufacturers to develop efficient portable solar chargers which convert the sunlight and transfer electricity to the devices at a faster rate. These advancements and continuous researches is the major driving force for the market of portable solar charger globally.

Growing demand in urban regions:

Rapid pace in urbanization across the globe and growing preferences of consumer towards handy, lightweight and durable electronic devices and rise in adoption of energy efficient and advanced electronics are likely to propel the growth of portable solar charger market in near future.

Although, intermittent of solar power and lack of awareness in various undeveloped countries across the globe are curbing the growth of portable solar chargers. Likewise, high cost of portable solar charger and slow adoption from consumers end is hampering the market of portable solar charger globally. Moreover, high cost associated with the production of portable solar chargers, and increasing the cost of products is also a major challenge for the manufacturers of solar powered products.

The report titled Global Portable Solar Charger Market Outlook 2023” delivers detailed overview of the Global Portable Solar Charger Market in terms of market segmentation by Product Type, by End-User Type.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the Global Portable Solar Charger Market which includes company profiling of Philips, Dxpower,Cobra, Anker, Goal Zero, Solar Frontieretc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Portable Solar Charger Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.

To know more about this research, kindly visit http://www.researchnester.com/reports/portable-solar-charger-market-global-demand-analysis-opportunity-outlook-2023/247

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